Kofola - Financial Performance in 2019


Language: English
Company: Kofola
Provider: Helgi Analytics
Pages: 17

This report analyses the financial performance of Kofola for the 2019. You will find all the necessary details regarding company's profitability, volume growth, indebtedness and a comparison with selected peers.

Kofola announced a net profit of CZK 284 mil in 2019, up 308% when compared to the last year. Sales increased 4.06% yoy to CZK 6,409 mil, EBITDA rose 2.04% to CZK 1,106 mil and net margin amounted to 4.44%. Kofola stock appreciated 3.58% in 2019 to CZK 280 per share and the stock traded at 12-month trailing PE of 21.9 and EV/EBITDA of 7.74x at the end of 2019.

The key highlights are:

Sales increased 4.06% yoy to CZK 6,409 mil in 2019. That’s compared to average growth of -2.89% in the last three years and 3.73% when compared to the average annual decrease in the last decade.

EBITDA amounted to CZK 1,106 mil and grew 2.04% when compared to last year. EBITDA margin reached 17.3%, up 2.33 pp when compared to 5-year average.

Company’s indebtedness rose when measured by Net Debt/Equity and reached 176% at the end of the year. When compared to EBITDA, net debt rose to 2.40x.

Kofola netted CZK 284 mil to its shareholders in the last year, up 129% when compared to the average seen in the last five years. The company produced a return on capital of 5.97% and return on equity of 19.0% in the last year.

Kofola stock traded at CZK 280 per share at the end of 2019 implying a market capitalization of USD 262 mil and enterprise value of USD 379 mil. This puts the stock at the 12-month trailing price to earnings of 21.9x and EV/EBITDA of 7.74x as of the end of 2019. Over the last five years, the stock price has increased by 2.36% a year on average and the firm generated its shareholders an average return on equity of 5.83%.

Food & Drink | Czech Republic | September 02, 2020